Food Storage Container Market Overview:
Food Storage Containers Organizers Market is projected to be worth USD 212.47
billion by 2032, registering a CAGR of 4.19% during the forecast period 2024 to
2032.
When it comes to food storage, whether at
room temperature, in the refrigerator, or in the freezer, there are several
factors to consider before selecting the right container. These factors include
the type of storage (ambient, chilled, or frozen), the nature of the food being
stored, the duration of storage, and the available storage space. Plastic
containers, plastic bags, and glass containers are all viable options for this
purpose.
The market offers a plethora of food
containers, available in various sizes, shapes, and colors. These containers
cater to different needs, ranging from storing single meals for individuals,
such as lunch boxes, to accommodating multiple servings for group meals.
Depending on your requirements, food containers can have sections or remain
compartment-free.
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Report of Food Storage Containers Organizers Market Trends
Key Players:
in the food container industry include
Amcor and Bemis Company Inc., Tupperware Brands Corporation, Newell Brands,
LOCK&LOCK Co. Ltd, Hamilton Housewares Pvt. Ltd, Ball Corporation, Constar
International Inc., Plastipak Holdings Inc., Anchor Glass Container
Corporation, Associated Packaging Inc., Berry Global Inc., Crown Holdings Inc.,
Graphic Packaging International Inc., Graham Packaging Company, Avery Dennison
Corporation, and ACCO Brands.
In terms of regional analysis, the Asia
Pacific region dominated the global market in 2020, accounting for a
significant market share of over 36%. It is anticipated to continue its robust
growth trajectory from 2021 to 2028. This growth can be attributed to the rapid
expansion of the food processing industry in the region, driven by strong
government support. Major contributors to the growth of the APAC regional
market include countries like India, China, and Japan.
Meanwhile, North America is expected to
exhibit steady growth with a CAGR of 3% over the forecast period. This growth
is primarily fueled by the increasing demand for packaged and convenience
foods, especially among the working population. Additionally, the rising demand
for canned foods, such as canned fish and meat, in the U.S. is contributing to
market growth. In 2017, approximately 55% of all seafood consumed in the U.S.
was in the form of canned tuna, salmon, and shrimp, according to data published
by Delaware Sea Grant.
Market Segmentation:
The global food storage container market is segmented based on material,
product, and region. Material-wise segmentation includes paperboard, metal,
glass, plastic, and other materials. Product categories encompass bottles and
jars, cans, cups and tubs, boxes, and other container types. Geographically,
the market is categorized into North America, Europe, Asia-Pacific, Latin
America, and the Middle East and Africa (MEA).
Analysis by Product
Global food container market has
been segmented on the basis of product as bottles and jars, cans, cups and
tubs, boxes, and others. Additionally, it lengthens the food product shelf
lives
Analysis by Material
Plastic is both lighter and further
energy-efficient to manufacture than other accoutrements. Plastic food
containers are constantly seen and vended in retail establishments. Depending
on its consistency, food containers can be of poor to high grade. With a deal
share of further than 46 in 2020, the plastic member was the market leader. The
market has been segmented into plastic, metal, glass, and other materials.
Due to its numerous benefits over
contending accoutrements, plastic is the material most constantly used in
packaging. Compared to other accoutrements, plastic is lighter and produces
with a lot lower energy. In addition, it's relatively cheap when compared to
other accoutrements like glass and essence.
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